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Author Question: If a business firm operates indefinitely without covering any of its sunk costs, what happens to the ... (Read 234 times)

meagbuch

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on: Jun 29, 2018
If a business firm operates indefinitely without covering any of its sunk costs, what happens to the firm's sunk costs?
 
  A) Nothing happens to them; they have ceased to exist.
  B) They are distributed across the whole economy.
  C) They continue unpaid for as long as the firm fails to make a profit large enough to cover them.
  D) They reduce the wealth of the investors who risked their wealth to make mistaken decisions possible.

Question 2

When a firm hires 10 units of labor, 20 pens are produced. When it hires another unit of labor, the total output increases to 23 pens. If the price of one pen is 2, the value of marginal product of the eleventh unit of labor is:
 
  A) 1.50.
  B) 2.
  C) 4.
  D) 6.


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JaynaD87

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


meagbuch

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

Missbam101

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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